Account Recovery

JUNE 6, 2023

AMSTERDAM, June 6, 2023 — Atradius Collections has acquired Pro Kolekt group and expanded its presence to 40 countries in line with their mission to support their customers growth, wherever they trade in the world, by delivering local expertise in receivables management.

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American Profit Recovery

MARCH 13, 2024

A healthy debt collection process helps businesses of all sizes maintain positive cash flow which is critical for many reasons. Let’s go through some of the obvious and not so obvious reasons why debt collections is an integral part of your organization’s cash flow. Or worse, credit lines.

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Collections Acquisition Collection Agencies Collections Agency 204

FFGN COLLECT NY

OCTOBER 4, 2022

Companies that grow by acquisition are often faced with challenges when taking a deep dive into recently acquired new customer accounts. Although acquisitions can increase your customer base, new client relationships don’t always go as anticipated. That can be especially true when it comes to collecting accounts receivables.

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Account Recovery

JULY 21, 2023

Collector Sued for Sending Emails at Inconvenient Time Healthcare Collection Platform Collectly Raises $29M to Help Providers Recover More Judge Grants Partial MTD in FDCPA Case Over ID Theft Affidavit CFPB Report Spotlights Employer-Driven Debt Williams & Fudge Announces Acquisition of RGS Financial, Expanding its Market Presence and Strengthening (..)

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Healthcare Acquisition Collections 130

Account Recovery

JANUARY 5, 2021

5, 2021 /PRNewswire/ — Katabat, a leading global provider of debt management software solutions for lenders, fintechs, and collection agencies, announced today that it has acquired Simplicity Collection Software of Idaho Falls, Idaho. WILMINGTON, Del.,

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Collections Acquisition Collection Agencies Collections Agency 246

Account Recovery

DECEMBER 30, 2021

ARSI), a nationwide legal collections network headquartered in Southern California. The acquisition enhances Firstsource’s leadership in consumer debt management services … The post Firstsource Solutions Acquires American Recovery Services to Enhance Services in Debt Collections Market appeared first on AccountsRecovery.net.

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Account Recovery

AUGUST 24, 2020

EXCLUSIVE: GORDON BECK SHARES DETAILS OF COMPANY‘S FIRST ACQUISITION Valor Intelligent Processing (VIP), based in Jacksonville, Fla., recently completed its first-ever acquisition, purchasing Credit Protection Association (CPA), a collection and business-process outsourcing company based in Dallas.

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Account Recovery

MARCH 21, 2024

AG Seeks Injunction Against Debt Buyer, Collection Operation To Halt ‘Deceptive’ Practices Indiana Appeals Court Affirms Arbitration Ruling in FDCPA Class Action Frazier Healthcare Partners Announces Acquisition of RevSpring WORTH NOTING: […] Getting to Know Neil Mastellone of Velo Law Judge Orders Collector to Pay $1.2M

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Acquisition Healthcare Collections 147

Account Recovery

JULY 14, 2023

Issues with Validation Notice, Second Letter Lead Consumer to Accuse Collector of Violating FDCPA Appeals Court Largely Affirms Sanctions Against Plaintiff’s Attorney in FDCPA Case CFPB, State AGs Sue Company Over Illegal Collection, Marketing Practices State Court Judge Denies Certification, Dismisses FDCPA Suit for Lack of Standing CORA Group Announces (..)

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Account Recovery

OCTOBER 20, 2022

Wakefield & Associates, an industry-leading collections and healthcare revenue cycle solutions company, today announces it has acquired the debt collection business of Choice Recovery, Inc., an Ohio-based nationally recognized collections provider.

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Acquisition Healthcare Collections 245

Account Recovery

AUGUST 25, 2023

A District Court judge in New York has adopted recommendations from a Magistrate Court judge and certified a class in a Fair Debt Collection Practices Act case that has been going on for nearly a decade. Palisades Acquisition XVI et al. A copy of the ruling in the case of McCrobie v. can be accessed […]

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Acquisition Fair Debt Collection Judgment Collections 130

Account Recovery

AUGUST 24, 2021

ONTARIO SYSTEMS CONTINUES BUYING SPREE WITH KATABAT ACQUISITION Continuing its spree of acquisitions in 2021, Ontario Systems yesterday announced it had purchased Katabat, the maker of a collection software platform. Terms of the deal were not disclosed.

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Acquisition Collections 246

Account Recovery

MAY 6, 2022

(Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced that Rakesh Sehgal will join the company as Senior Vice President and Head of Corporate Development. He will be based in New York.

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Acquisition Loans Collections 246

Account Recovery

MARCH 21, 2024

The Attorney General of Massachusetts is seeking a preliminary injunction against a number of companies owned by the same individual to halt what the AG calls harmful debt collection practices.

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Collections Acquisition Judgment 130

Jimerson Firm

FEBRUARY 6, 2024

In the complex world of business acquisitions, Buyers face a myriad of risks and uncertainties. Rollover equity is a purchase mechanism where the Seller receives stock or interests in the business post-acquisition as part of the sale.

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Acquisition Government Collections 59

Troutman Sanders

AUGUST 29, 2023

District Court for the Western District of New York granted the plaintiff’s motion for class certification for alleged violations of the Fair Debt Collections Practices Act (FDCPA) relating to an allegedly improper debt assignment notification. The default judgment was later assigned to Palisades Acquisition. In McCrobie v.

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Re:Ceeve

JUNE 12, 2020

Today, companies must think about the bigger picture by listening to customer needs, especially when it comes to debt collection. For years, companies have treated the debt collection process not as an opportunity, but as a relentless process of retrieving outstanding balances at all costs. What is customer self-service (CSS)?

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Fico Collections

SEPTEMBER 29, 2022

Telecommunication businesses are fighting hard with acquisition campaigns in a bid to win more trust, more business and new customers. Telcos and the Need for Risk-Aware Persona-Based Acquisition. Smart Contracting, Faster Acquisition and Consumer-Initiated Pre-Qualification. Wed, 09/28/2022 - 15:25. But it’s all about trust.

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Acquisition Retail Debt Management Lender 52

The Kaplan Group

JANUARY 7, 2021

How did Covid-19 and the resulting economic downturn affect the collections industry? TransUnion recently released a report on the state of Collections in 2020. There are fewer third-party collections agencies. The number of collection firms has been in decline since 2011, from 9,400 to 7,401 in 2018. That’s a 2.5%

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Collections Collection Agencies Collections Agency Student loans 59

UK debt collections

AUGUST 3, 2023

The flagship London store was repossessed by its owners due to the forfeiture of rent, and customers were given until August 3 to collect their bikes before they would be sold or disposed of by the landlords. The situation has caused chaos for consumers. However, there is hope on the horizon as a potential buyer has emerged.

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Fico Collections

JANUARY 24, 2022

Debt collection is about contacting customers, and that only works with correct contact data. Contact data quality in debt collection is a common challenge, and we often get asked how to best address this. Data capture at customer acquisition should not be limited to data that is required to complete the originations process.

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Retrieval Collections Acquisition 52

True Accord

NOVEMBER 8, 2022

8, 2022 — TrueAccord Corp , a debt collection company using machine learning-powered digital recovery solutions to improve consumer experience, today announced it joined the Visa Fintech Partner Connect program. This distinction signals that TrueAccord’s debt collection solutions meet Visa standards and broader payments regulations.

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Acquisition Financial services Collection Companies Collections 108

Katabat

JANUARY 5, 2021

January 5, 2021, Wilmington, DE – Katabat, a leading global provider of debt management software solutions for lenders, fintechs, and collection agencies, announced today that it has acquired Simplicity Collection Software of Idaho Falls, Idaho. Terms of the transaction were not disclosed. About Katabat.

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Katabat

JANUARY 5, 2021

January 5, 2021, Wilmington, DE – Katabat, a leading global provider of debt management software solutions for lenders, fintechs, and collection agencies, announced today that it has acquired Simplicity Collection Software of Idaho Falls, Idaho. Terms of the transaction were not disclosed. About Katabat.

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Collections Acquisition Collection Agencies Collections Agency 40

Debt Collection Answers

MAY 18, 2023

Like all other debt collectors, DNF Associates, LLC depends on multiple sources of information to pursue debt collection. The company is involved in the acquisition and management of portfolios of accounts from banks and consumer finance companies. The post How to Stop DNF Associates, LLC appeared first on Debt Collection Answers.

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Katabat

FEBRUARY 26, 2021

Katabat is at an exciting point of transformation with the recent acquisition of SimplicityCollect software,” said Ray Peloso, CEO, Katabat. “As As we continue our expansion in the debt collection software space, we are thrilled to have Matt join us to drive our sales, marketing and customer success programs.

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Collection Industry News

JANUARY 17, 2024

HMB advises on mergers and acquisitions, and its focus on middle market private equity and emerging companies work was a draw for Kilpatrick, said Henry Walker, Kilpatrick’s chair and CEO. The post US law firms bulk up with more mergers in the new year appeared first on Collection Industry News.

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Consumer Finance Watch

FEBRUARY 27, 2019

a recent precedential decision, the Third Circuit Court of Appeals held an entity whose business is the purchasing of defaulted debts for the purpose of collecting on them falls squarely within the “principal purpose” definition of the Fair Debt Collection Practices Act (“FDCPA”), 15 U.S.C. Greystone Alliance, LLC et al. ,

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Debt collector Fair Debt Collection Acquisition Collections 40

CSA

MARCH 2, 2021

Due to a company restructure following acquisition, I was unfortunate enough to be made redundant in late 2020. I also had never considered a career in the debt collection sector or thought of it as a field that could be so interesting and varied and offer so many career opportunities. s everyday lives.

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Collections Acquisition Trade Financial services 52

Troutman Sanders

JANUARY 6, 2023

On January 4, the District Court of New Jersey dismissed a Fair Debt Collection Practices Act (FDCPA) complaint against an unlicensed debt collector for lack of standing. The past-due debt was first sold to Distressed Asset Portfolio III, LLC (DAP III), then to Unifund CCR (Unifund) for collection. In Valentine v. Ramirez , 141 S.

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Debt collector Fair Debt Collection Acquisition Collections 52

Fico Collections

OCTOBER 12, 2022

Market-leading operators are incorporating mathematical optimization and simulation to continually learn and improve their acquisition strategies, customer experience and customer retention. Mastering Acquisition with Risk-Aware ‘What-If’ Scenarios. Proactive Risk-Aware Management is Everything When it Comes to Retention.

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Acquisition Retail Banks Financial services 96

True Accord

SEPTEMBER 24, 2020

Experian North America CEO Craig Boundy will discuss how his team leverages data and technology innovation beyond just customer acquisition but to also earn consumers’ loyalty for the long haul. New Approaches to Collections in Times of Crisis.

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Acquisition Banks Collections 98

Debt Collection Answers

MAY 18, 2023

Capio Partners is one such agency that focuses on debt collection in the medical field. This is especially relevant due to multiple consumer complaints alleging violations of the Fair Debt Collection Practices Act (FDCPA) against this agency. This company may also collect other types of debt. Google Reviews With a rating of 1.6

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Collection Agencies Collections Agency Healthcare Retrieval 52

Fraser

NOVEMBER 23, 2022

Any business whose activities are “financial in nature or incidental to a financial activity” may fall under the regulation; such businesses include, but are not limited to, insurance companies, mortgage lenders and brokers, car dealers, payday lenders and finance companies, collection agencies, credit counselors and other financial advisors.

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Credit Counselor Acquisition Lender Trade 80

UK debt collections

FEBRUARY 14, 2024

The pandemic kickstarted an uptick in mergers and acquisitions in the retail sector. “[It] looks like what we’re seeing is more consolidation within certain sectors and more clear distinction between the winners and losers in the sector,” he explained.

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True Accord

AUGUST 11, 2022

August 14 is National Financial Awareness Day , making it an appropriate time to shine a spotlight on initiatives that can help improve consumer financial awareness in the collections space. Providing consistent outreach—especially in early delinquency—will give customers more opportunities to engage, understand, and resolve debt.

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Acquisition Debt Recovery Education Student loans 61

ABI

JANUARY 19, 2024

During its bankruptcy proceeding, Vice Media entered an agreement to sell its assets to three asset management companies: Fortress Credit Advisors, Monroe Capital LLC, and Soros Fund Management (collectively, the “Purchaser”). [7] Showtime objected to the assignment of its contract with Vice Media to the Purchaser.

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